💨 Abstract

Oil prices fell over 2% on Wednesday due to a large build in U.S. crude and gasoline stockpiles, signaling demand weakness, and concerns about a new China-U.S. trade war. The EIA reported a sharp increase in U.S. crude oil inventories last week due to ongoing refinery maintenance. Additionally, China announced tariffs on U.S. imports of oil, LNG, and coal in retaliation for U.

Courtesy: theprint.in

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